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Silver Bullet Mines Corp ( (TSE:SBMI) ) has issued an announcement.
Silver Bullet Mines Corp has announced significant advancements at its KT Mine in Arizona, increasing the gold concentrate grade to 27 oz/ton and discovering visible gold in newly blasted material. The company is transitioning to full underground mining, enhancing its milling process, and preparing for further exploration, aiming to maximize revenue from high-grade gold and silver production. The developments are part of SBMI’s strategy to lead in the resurgence of small-scale mining, with plans to upgrade its facilities and expand exploration efforts in Arizona.
Spark’s Take on TSE:SBMI Stock
According to Spark, TipRanks’ AI Analyst, TSE:SBMI is a Underperform.
Silver Bullet Mines Corp’s overall stock score is heavily impacted by its financial instability, marked by persistent losses and high leverage. While recent corporate developments and technical indicators offer some positive aspects, the company’s negative valuation metrics and financial health present significant risks.
To see Spark’s full report on TSE:SBMI stock, click here.
More about Silver Bullet Mines Corp
Silver Bullet Mines Corp is a mining company focused on small-scale, high-grade precious and base metal mining. The company operates a hub and spoke model, with its own mill processing materials from various properties, including the KT and SC Mines in Arizona, which provide high-grade gold and silver, respectively.
Average Trading Volume: 190,541
Technical Sentiment Signal: Buy
Current Market Cap: C$34.02M
For detailed information about SBMI stock, go to TipRanks’ Stock Analysis page.